This is an interesting move on UNic’s part to accept Bitcoin —
after all, the volatility of the currency is at an all-time high
right now. But a university spokesperson told GeekWire that it
plans on converting students’ Bitcoin immediately to Euros.

“The intention of this initiative is to ease transmission
difficulties for certain students and to build our own practical
knowledge about this field, not to engage in currency
speculation,” the spokesperson said.

"Digital currency will create more efficient services and will
serve as a mechanism for spreading financial services to
under-banked regions of the world," Dr. Christos Vlachos, the
school's CFO,
said in a statement. "In this light, we consider it
appropriate that we implement digital currency as a method of
payment across all our institutions in all cities and countries
of our operations.”

Bitcoin has been on an insane rollercoaster over the past week.
Two days ago, the price was up around $900, but this
morning it
crashed all the way to $460.